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Sustained Demand for Polycarbonate Plastics to Drive the Global Bisphenol A Market Through 2020, Says Technavio


July 4, 2016
By Business Wire News

LONDON

The global bisphenol A marketis expected to exceed USD 20 billion by 2020, according to Technavio’s latest report.

In this report, Technavio covers the market outlook and growth prospects of the globalbisphenol A marketfor 2016-2020. The market is further categorized into three segments based on application which are Epoxy resins, Polycarbonate plastics and Others. In 2015, the global Bisphenol A market was dominated by the polycarbonate plastics segment which commanded a market share of close to 67%. The runner-up was the epoxy resins market, followed by the other applications segment which had the smallest market share.

Technavio’s research study segments the global bisphenol A market into the following regions:

  • APAC
  • EMEA
  • Americas

APAC: highest production volumes in the market

The APAC region is expected to spearhead the Bisphenol A market which is in keeping with the trend seen in many major chemical markets. In 2015, the APAC had the highest production volumes and is expected to sustain the highest CAGR of over 8.3% among the regions.

By 2020, the production volume for the APAC market is expected to reach a figure of 6.66 MMTPA. The APAC region is expected to increase its dominance over the global Bisphenol A market, commanding a market share of 67% by 2020.

Ask for a sample of this report: http://goo.gl/IWrJIu

EMEA:polycarbonate plastics and epoxy resins to sustain demand

The EMEA region, with its cluster of developed economies in the Western part and the developing ones in the East has seen a lot of activities in the plastics market space. The uses of Bisphenol A in the polycarbonate plastics and epoxy resins make a strong case for the importance of the Bisphenol A market in Europe. However, the market in the region is expected to contract slightly in the coming years.

According to Sayani Roy, an industry expert at Technavio for oil and gas research, “One of the reasons for this decline can be attributed to the dominance of the products in the APAC region.” The fundamental manufacturing capacity of the region, based primarily in Western Europe, is dominated by Bayer (Covestro). There are very less independent suppliers or merchants who deal in the product. As the supply glut diminishes and the crude prices correct by 2018, the players in the APAC are expected to ship significant quantities to the European market. This is anticipated to satisfy the local demand without the need to ramp up domestic production.

Americas: demand from developed industrial nations to sustain North American presence in the market

North America, has a significant presence in the global Bisphenol A market owing to the demand from the developed industrial nations of the US, Canada, and Mexico. The US market, wooing to the rapid rates of industrialization had been one of the earliest hubs for the development of the Bisphenol A markets. Companies such as Hexion and Dow chemicals have had a lasting impact on the global Bisphenol A market landscape for decades. However, owing to certain negative perceptions related to the health implications, the regional market is undergoing a significant shift.

“One of the main reasons for this declining trend is the supply glut. The significant capacity additions taking place in the APAC region are expected to have global ripples, affecting the US market to a large extent,” says Sayani.

The top vendors in the global bisphenol A market highlighted in the report are:

  • Convestro
  • The Dow Chemical Company
  • LG Chem
  • Mitsui Chemical

Browse Related Reports:

Do you need a report on a market in a specific geographical cluster or country but can’t find what you’re looking for? Don’t worry, Technavio also takes client requests. Please contact enquiry@technavio.com with your requirements and our analysts will be happy to create a customized report just for you.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

Technavio Research
Jesse Maida
Media & Marketing Executive
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